[Graphic News] Hyundai Motor 33rd in Time’s 2025 best firms, Nvidia at No. 1

Hyundai Motor has been ranked 33rd on Time magazine’s World’s Best Companies 2025 list, making it the only Korean company in the top 100. Time, in collaboration with German data and business information platform Statista, has compiled the list of the top 1,000 global companies annually since 2023. The 2025 ranking was led by Nvidia, Microsoft and JPMorgan Chase, reflecting the dominance of technology and financial firms. Hyundai Motor climbed an impressive 159 spots from No. 192 last year, drive

Nov. 10, 2025

Trump accuses foreign-owned meat packers of inflating US beef prices

WASHINGTON (AP) — President Donald Trump on Friday accused foreign-owned meat packers of driving up the price of beef in the US and asked the Department of Justice to open an investigation. The Republican president announced the move on social media days after his party suffered losses in key elections in which the winning Democratic candidates focused relentlessly on the public’s concerns about the cost of living. But experts said it’s unlikely that an investigation would result in lower prices

Nov. 9, 2025

Industry ministry to invest W300b in innovative R&D projects by 2035

The government plans to spend a combined 302.6 billion won (US$209 million) over the next 10 years on innovation-focused research and development (R&D) projects with high commercialization prospects, the industry ministry said Thursday. The plan was devised to lessen the burden on private companies in developing high-risk, high-potential technologies that could become game changers for future industries, the Ministry of Trade, Industry and Resources said. To this end, the ministry will designate

Nov. 6, 2025

Microsoft to invest over $15 billion in UAE

ABU DHABI (Reuters) -- Microsoft plans to bring its total investment in the United Arab Emirates to $15 billion by the end of 2029 and has the Trump administration's approval to export Nvidia chips for its data centers there, a senior executive told Reuters on Monday. The UAE has been spending billions of dollars to become a global artificial intelligence hub, leveraging its close relations with Washington to secure access to US technology, including some of the world's most advanced chips. "The

Nov. 4, 2025

Tariffs are Trump's favorite foreign policy tool

WASHINGTON (AP) — US President Donald Trump sees tariffs — or the threat of them — as a powerful tool to bend nations to his will. He has used them in an unprecedented way, not only as the underpinning of his economic agenda, but also as the cornerstone of his foreign policy in his second term. He has wielded the import taxes as a threat to secure ceasefires from countries at war. He has used them to browbeat nations into promising to do more to stop people and drugs from flowing across their bo

Nov. 3, 2025

World shares, oil prices fall back following Trump's meeting with Chinese leader Xi

World shares mostly retreated Thursday in choppy trading after President Donald Trump’s meeting with Chinese leader Xi Jinping. While Trump said the meeting was “amazing” and had resolved many issues, investors appeared skeptical. US futures were nearly flat. In early European trading, Germany's Dax rose 0.1 percent to 24,155.02. Britain's FTSE 100 fell 0.5 percent to 9,705.49. In Paris, the CAC 40 slid 0.2 percent to 8,183.55. Tokyo's Nikkei 225 index bounced lower and then inched up less than

Oct. 30, 2025

Fed lowers rates, but Powell suggests move may be the last of 2025

WASHINGTON(Reuters) -- A policy divide within the US central bank and a lack of federal government data may put another interest rate cut out of reach this year, Federal Reserve Chair Jerome Powell said on Wednesday, as he acknowledged the threats that officials see to the job market but also the risky nature of making further rate moves without a fuller picture of the economy. The Fed on Wednesday cut interest rates by a quarter of a percentage point, as expected, as a way to temper any further

Oct. 30, 2025

US Fed will likely cut again despite economic murkiness

WASHINGTON (AFP) -- The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over the health of the US economy due to the ongoing government shutdown. The US central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between Republicans and Democrats over health care subsidies, resulting in a suspension of publication of almost all official data. Without these key insights into th

Oct. 27, 2025

Trump sets 10% tariff hike on Canada

WASHINGTON (Reuters) -- US President Donald Trump said Saturday he was increasing tariffs on Canada by an additional 10 percent "above what they're paying now," as he reacted again to an ad by Canada's Ontario province, a day after it was aired during the World Series broadcast. Trump on Thursday ended trade talks with Ottawa over the tariff-related ad, which Trump said was misleading. Trump announced the higher tariffs in a Truth Social post Saturday referencing the ad, which features a video o

Oct. 26, 2025

Amazon sees faster speeds with hi-tech eyeglasses, AI

MILPITAS, California (Reuters) -- In its relentless drive to bring everyday items to customers faster, Amazon has shifted expectations from two-day delivery to same-day and even within an hour. Now, with robots, artificial intelligence and even eyewear, it is working to pare seconds off each delivery. On Wednesday, Seattle-based Amazon showed off advanced eyeglasses for delivery workers for the first time publicly after Reuters exclusively reported the company was developing them last year. Know

Oct. 23, 2025

US mulls software curbs on China

The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, according to a US official and three people briefed by US authorities. While the plan is not the only one being deliberated, it would make good on President Donald Trump's threat earlier this month to bar "critical software" exports to China by restricting global shipments of items

Oct. 23, 2025

OpenAI launches Atlas web browser

OpenAI introduced its own web browser, Atlas, on Tuesday, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions. Making its popular AI chatbot a gateway to online searches could allow OpenAI, the world’s most valuable startup, to pull in more internet traffic and the revenue made from digital advertising. It could also further cut off the lifeblood of online publishers if ChatGPT so effectively feeds people su

Oct. 22, 2025

Massive virtual arcade on Las Vegas Strip files for bankruptcy

LAS VEGAS (AP) — A massive virtual arcade located on the Las Vegas Strip filed for bankruptcy after just one year of operation, facing a pending eviction and millions in unpaid claims, court documents show. The Electric Playhouse in Las Vegas, a high-tech gaming and dining center inside a mall at the world renowned Caesars Palace resort, submitted the filings in federal court on Monday. The filing requested that the motions for bankruptcy be heard on an accelerated timeline so that current emplo

Oct. 22, 2025

US tariffs take big bite out of Swiss exports

Stiff US tariffs on Switzerland badly hurt the Alpine country's exports in the third quarter, official figures showed Tuesday, with Swiss watchmakers in particular suffering. Overall exports slipped 3.9 percent between the beginning of July and end-September, the federal customs service said -- but the plummet in the value of goods dispatched to the United States was dramatic. Swiss exports to the US for the quarter dropped 8.2 percent, as the country grappled with 39-percent tariffs imposed by

Oct. 21, 2025

US-Canada trade deal may be ready for approval at APEC summit: report

A US-Canada trade deal on steel, aluminium and energy could be ready for Prime Minister Mark Carney and US President Donald Trump to sign at the Asia-Pacific Economic Cooperation summit later this month in South Korea, the Globe and Mail newspaper reported on Tuesday, citing sources familiar with the matter. Reuters could not immediately verify the report by the Toronto-based daily. The White House, US Commerce Department and Carney's office did not respond to requests for comment outside regula

Oct. 21, 2025